Flexible plastic packaging is gaining market traction as a primary and secondary packaging solution across all consumer goods packaging sectors. The food and beverage and pharmaceutical sectors are the major end-users of the flexible plastic packaging market. As an advanced plastic packaging technique, it increases the shelf life of products and reduces storage and transportation costs. For instance, a recent innovation in the flexible plastic packaging market, called modified atmospheric packaging (MAP), reduces the packaging cost by around 30%-33% in comparison to rigid plastic packaging. There are many aspects of flexible plastic packaging that can surpass the benefits of its immediate substitute, rigid plastic packaging. Technavio’s analysts forecast the global flexible plastic packaging market to grow at a CAGR of 6.03% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global flexible plastic packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of flexible plastic packaging.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Flexible Plastic Packaging Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Amcor • Bemis Company • Berry Global • Huhtamaki
Other prominent vendors • Clondalkin Group Holdings BV • Constantia Flexibles • Coveris • Mondi • ProAmpac • DuPont • Innovia Films • Reynolds Group • Sealed Air • Sonoco
Market driver • Growing global plastic film market • For a full, detailed list, view our report
Market challenge • Volatility in polymer prices • For a full, detailed list, view our report
Market trend • Growing market consolidation • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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